| Why Do Insurers Need a Bailout? |
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The article claims that MetLife and Prudential lost over half their value in the latest market turmoil, and that they think that they should be able to get in on the upwards of $700 billion that the federal government has given to the banks.
Considering that AIG was a big part of the corporate bailout, it is likely that MetLife and Prudential will get what they want. But if you stop and consider exactly how much these insurance companies lost and how they lost it, you might want to think about the reasons that they give everytime that they raise their rates or deny your claim. They always seem to say "frivolous lawsuits," or "ridiculus settlements" or "activist judges, but they never seem to say "We played fast and loose in the stock market," or "our investments didn't work out as planned." Just something to think about. Read Article |




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